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Lippo Mall Indonesia Retail Trust

LMIRT's DPU stabilisies in 2Q but NAV declines as gearing inches higher - THE EDGE SINGAPORE

Results

LMIRT's DPU stabilisies in 2Q but NAV declines as gearing inches higher

LMIRT's DPU stabilises but NAV continues decline while gearing inches higher
Moody's downgrades Lippo Mall Indonesia Retail Trust's debt to B2 - THE EDGE SINGAPORE

REITs

Moody's downgrades Lippo Mall Indonesia Retail Trust's debt to B2

Moody's downgrades Lippo Mall Indonesia Retail Trust to B2 from B1, and points out ICR is below the recommended 2.5x
LMIRT declares DPU of 0.09 cents for 3Q21 on the back of Puri Mall and restrictions easing - THE EDGE SINGAPORE

Results

LMIRT declares DPU of 0.09 cents for 3Q21 on the back of Puri Mall and restrictions easing

The newly acquired Lippo Mall Puri contributed $8.2 million to rental revenue and $10.3 million to gross revenue for the quarter.
Investors adjust to higher gearing levels - THE EDGE SINGAPORE

REITs

Investors adjust to higher gearing levels

Increasingly, REITs' gearing levels are creeping higher following the raising of the gearing cap to 50% by the regulator
OUECT reports 26.6% y-o-y decline in DPU, but special payout possible from asset sale - THE EDGE SINGAPORE

REITs

OUECT reports 26.6% y-o-y decline in DPU, but special payout possible from asset sale

OUE Commercial REIT's DPU declined by 26.6% y-o-y to 2.43 cent in FY2020, translating into a yield of 6.39%.

Yield watch

Who's the best friend of REITs?

SINGAPORE (June 28): Singapore REITs raised $1.35 billion through placements in the first half of this year, that was used mainly for acquisitions.

Yield watch

REITs make placements and accretive acquisitions aplenty but investor fatigue has set in

SINGAPORE (July 1): Real estate investment trusts are still bankers’ best friends. In the first half of this year, Singapore REITs raised $1.35 billion (see Table 1) through placements that was used mainly for acquisitions. In general, these acquisition
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